Japanese-owned healthcare, chemicals, and information technology group Teijin Limited plans to open a carbon fiber production plant in Greenwood, SC to accelerate its global business in the category, a Nov. 30 company press release announced.
Scheduled to become operational by the end of FY 2020, Teijin’s move is linked to the firm’s recent capacity expansion of a specialized polyacrylonitrile (PAN) precursor for carbon fibers at its Mishima, Japan plant. The company also recently launched a new subsidiary, Teijin Carbon Fibers Inc., that will operate the plant.
“Based on these two developments, the Teijin Group aims to strengthen its upstream-to-downstream carbon fiber business as well as accelerate global expansion through its trilateral hubs in Japan, U.S., and Europe,” the company said in the release.
Teijin said its efforts in carbon fibers have centered on end uses in the aerospace and automotive industries. Investments in the new U.S. facility and the capacity expansion project at its Mishima plant total $320 million, according to the company.